?2024???GMV??2093????????,SVIP??16%

???2024??????????????????2024????????,??332?(???????????,??),Non-GAAP??30???2024????????????????????,?????1084?????????????????????,Non-GAAP??90?????????????

???????????????????????????2024??,??????????????????????7.7???????????????????????,????????????,????????2025????????????????4??????11?,??????????2.40???0.48??????????????????

???????:“?,?????????,???????????????????????????????????????????????????”

2024??????????GMV??????2093????????,?????

2024??,??????????GMV(???????)?????0.6%???2093????????????,?????,?????????GMV??2%,???????????GMV?????75%,????????

?????,??????????????2024?“?”???“???”,????????????,????,?????????????

????,??200?????????????“??”???????????????,???????????????,?????

??,???????????

????????2024?????1500?,?????Acne Studios?Toteme?????????,??????OTB(ONLY THE BRAVE)???????????????????,????????????????,??????????

????,2024?????????????????,???,?????????????

2024??????????????????????????,???“?”????,?????????????????????,???????????????????,???,???????????????

??????????,SVIP???????????????????16%

????????VIP??????????(SVIP)?????????????????????????????V?????????????????9.5????????????V???????????????????????,2024???????????????????,??????SVIP??,???V??????,??SVIP????

?????????????,???????????2024????????????????????,SVIP????16%??????880??,???????49%?

??,??????????

????,?????????????????????,????????,?????????,???????????80?????????,??2700?????,???????58,000?????

????????2024??,??7.68????????????,????????????????????????????????????????,???????,?????????????????????27.7??,???